Government
Old-Fashioned Regulators Miss What’s New in Finance
Is the financial system any safer now than in 2008? There's been some progress but less than you might think. I argued last week that regulators should put in place much tougher bank capital ...
Japan’s Entry Brings New Clout, Doubt to Trans-Pacific Trade Talks
Japan joined U.S.-led trade talks on Tuesday, adding its weight to a pact that covers two-fifths of the world economy but raising further doubt over whether negotiators can pry open sensitive sectors ...
What Buffett’s Closing India Insurance Brokerage Says About India’s Potential
India has long been viewed as a value investor's dream: rapid growth, 1.2 billion people pining for a taste of globalization, and underdeveloped industries ripe for turnarounds. So it surprised few ...
Wolin Leaving as Deputy U.S. Treasury Secretary
Deputy U.S. Treasury Secretary Neal Wolin, who has defended tighter financial regulation as necessary in the aftermath of the 2008 credit crisis, is stepping down at the end of August, according to ...
Estimates of Global Hacking Damage Called Into Question
A $1 trillion estimate of the global cost of hacking cited by President Barack Obama and other top officials is a gross exaggeration, according to a new study commissioned by the company responsible ...
BP Loses Bid to Halt Oil Spill Claim Payments
A federal judge denied an attempt by BP Plc to suspend payments to people and businesses claiming damages related to the 2010 Gulf of Mexico oil spill, while an investigator looks into possible ...
Some Question Labeling 9 Global Insurers Systemically Important
Europe's insurers criticised the approach taken by international regulators which named firms considered systemically important as they try to reduce financial risks from the sector. Two global ...
U.S. SEC Says As Red Flags Waved, SAC’s Cohen Waved Them
"Failure to supervise" is not the sort of charge that typically grabs Wall Street's attention. Unless the target is one of the world's best-known hedge fund managers. In an order on Friday, the U.S. ...